The story of this market
The typical home in ZIP 92128 sells for about $915,000, or $620 per square foot.
Prices are down 5.5% from a year ago, which gives buyers more room to negotiate. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,902 a month.
ZIP 92128 — San Diego
The 92128 housing market is experiencing a cooling phase, with median sale prices declining year-over-year and days on market increasing. High interest rates and affordability constraints are driving a shift in buyer behavior, leading to a more competitive environment for sellers to adjust pricing.
This ZIP is well-suited for families and professionals seeking suburban living with access to high-quality schools and proximity to San Diego's major employment hubs.
Median prices moved down 5.5% year over year.
Homes spend a median of 22 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 4.3% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 92128, San Diego County, CA
The area is served by the Poway Unified School District, which is generally characterized by high-performing schools and strong academic ratings.
The region faces standard Southern California wildfire risks, with insurance availability and premium costs increasingly influenced by state-wide climate exposure.
The area benefits from proximity to major San Diego employment hubs and technology corridors, with steady demand for suburban residential housing.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents typically commute via I-15, providing access to major employment centers in San Diego and the I-15 corridor.
The area features access to local parks, hiking trails, and proximity to golf courses and shopping centers in the Rancho Bernardo and Carmel Mountain Ranch areas.
The rental market shows moderate pressure with a median rent of $2,844; vacancy rates remain stable, supported by a mix of long-term residents and professionals.
The local economy is anchored by the broader San Diego technology, defense, and life sciences sectors, with significant employment presence in the I-15 corridor.
The area is primarily car-dependent, with major transit corridors provided by I-15 and local bus services connecting to regional hubs.
Development is largely focused on infill projects and the revitalization of existing commercial centers within the suburban landscape.
The San Diego County Assessor's office manages property valuations based on market value at the time of transfer, adjusted annually per state law.
Parcels are subject to Poway Unified School District taxes and various local utility and municipal service assessments.
Property insurance premiums are rising across the region due to wildfire risk, with some homeowners facing challenges in securing standard coverage.
Data sourced from US Census Bureau and local market aggregators.
A major local park providing sports fields and recreational space.
A primary retail and dining hub serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Governs Carmel Mountain Ranch
Standard master-planned residential restrictions including mandatory architectural review for modifications, restrictions against commercial business operations visible to the exterior, vehicle parking guidelines, and leasing compliance rules.
Governs Villa Portofino
Planned unit development covenants requiring architectural review approval prior to exterior alterations, strict common-element parking rules, restrictions on short-term leasing, and pet limitation rules.
Governs La Jolla Colony
Architectural review guidelines governing exterior modifications, restrictions against public nuisances, designated vehicle parking regulations, pet policies, and residential leasing subject to association rules.
90-day research cycle · governing documents remain with their official custodians — the association, its management portal or the county clerk's recording.